1929-08-30 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autored Capitol..

Jared and Fully Paid-up itemarve Funda;-

Salvet

$50,000 800

******. $13,000,000

€ 0,000,000 14,000,800

Rogerve Liability of Proprietors... $20,000,0

READ OFFICE: HONG KONG.

BOARD OF DIRECTORS; —

N... Brawn, Eaq.

Chairman.

W. I. Bell, Exc Deputy Chairwenu,

B. Mr. B. D. F. Baith.

A. . Compton, Faq.

14. T. Johnson, Esq.

B. Lander Lewái, Esq.

ANOT

BANGKOK

BATAVIA BOMBAY CALCUTTA

CANTON

UEFOO

COLOMN

W. L. Paltonden, lug.

7. S. Fearer, Faq.

3. A. Mummer, Esq.

J. F. Watron, Esq.

Chief Manager.

Ben Mr. A. C. Hymn.

BRANCHEN-

LONDON *LYUNS

MALACCA

MANILA

MOUKDEN

NAGASAKI

NEW YORK

PEXING

PKMASO

DAIEN

FOCCHOW

HAIPHONG

HAMHET

SAN FRANCISCO

HANKOW

MARIN

HONGKEW

1.01Lu

[11]

CHORE

НОВИ

XOWLOON

KUALA LUMPUR

HANGOON

MIGUN

SHANGHAI

SINGAPORE

SOURABAYA

SINGEI PATANI TIENTAIN

FOR YO

TSINGTAO

YOKOHAMA

Current Acounts opened in Local Currency

or

sal Fixed Deposits revised for our your altor periodi in ocal Currstity and Sterling on terms which wl a quoted on application, Hong Kong, 28th May, 1024.

HONG KONG SAVINGS BANK.

The size of the above Bank is condues-

od by the HONG KONG AND SHANGILAI BANKING CORPORATION.

oblarid uppiicatius,

Bules may b

FOR THE HONG KONG & БИАКСНАЯ BANKING CORPORATION.

A. G. HYNZE,

Chic Manager.

Hong Kong. 6th September, 1927.

NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETY)|

BANKERS.

(B,..)

Bend Oface: AMSTERDAM*). Estero ad Ollige:-BATAVIA. BRANCHES djemvi Bandong') Bombay,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Paid-up Capital

£3,000,000 .£4,000,000

.....£3,000,000

Reserve Fund.... Reserve Liability of Proprie-

tors

Agencies and Branches:

ALOR TAE

(Molay StateR

AMRITSAR

BANGKOK BATAVIA BOS BAY

CALLOPTA

CANTON

CAWSPORE

ČSBU

COLOMBO DAIHAN (Dəy

Manchuria

JLAPITONG

HAMBURG

WASKOW

HARIN

(N. Marchar)

HỒNG KONG

HOTLO

POH

KARAGI

KLANG

KUALA KANGSAR

KORE

Pork (F.M.S.).

KUALA LUMPUR KUCHING

MADRAS MANILA

MBDAN

NEW YORK

PERINO PENANO PESHAWAR BANGOON SAIGON SEXARANO SKREMDAS SHANGHAI SINGAPORE SCURARA YA TAIPING

(P.393

TAVER

TOKYO

TONGRAR (Buice!) TSINGTAO

YOKOUANA

ZAMBOANGA

Philippine Islands)

Foreign Exchange and

General

THE CHINA MAIL,

COTTON INDUSTRY

DEVELOPMENT IN CHINA AND JAPAN

POSSIBLE TAXATION

COMMERCE

London, Yesterday. A report by Mr. Arno Pearse, the Secretary of the International Federa- tion of Master Cotton Spinners and Manufacturers' Association, on his enquiry into conditions in Japan and China is published.

It deals with the phenomenal pro- gress of the cotton industry in Japan, and points out that the otton indus- try in China is expanding.

is of opinion that China is the Current Accounts opened and Fix-country which will see the greatest

Banking business transacted.

ed Deposits received for 1 year or which will shorter periods at rates be quoted on application.

AND

FINANCE.

む

A. H. FERGUSON.

Manager, Hong Kong, 3th January, 1929.

mill building development. Ile be

is capable no country

of lieves that

cotton goods than consuming more

issues warning that China, but Japan's example of high protective tariffy serves the Chinese statesmen as a pattern.

THE HO HONG BANK, LTD. (Established 1917.)

CAPITAL.

Authorised

Ізяцей Paid-up

Reserve Liabilities

Shareholders

Surplus

$23,000,000

3,000,000 4,000,000

Japan, realising this danger, start- ed her own cotton mills in China, but the Chinese hope same day to tax these Japanese-owned mills out of existence. Reuter.

BULLION REPORT

--

MESSRS. MONTAGU AND CO'S WEEKLY LETTER 4,000,000 2,219.000 Writing from London on July 24, HEAD OFFICES: SINGAPORE. Messrs. Samuel Montagu and Co., Branches, Agencies and Correspon-state: dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager. Hong Kong, 15th May, 1929.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE: Taipeh, Formosa Incorporated by Special Imperial

Charter, 1899.

το

tha the

PENANG SHARES

RUBBER QUOTATIONS FAIRLY STEADY

TINS DISRUPTED

VOLUNTEER

POLICE

TO BE ABOLISHED IN CANTON

REASSURING SIGN

The Volunteer Police Corps of Canton was formed after the pain- ful experience of Communist rule for the pur" in December, 1927, pose of alding the regular police in maintaining order. These volunteer police are supported en- tirely by funds raised by the street kaifongs; they have political colour, and exist purely for the purpose of preserving law and.

order,

no

Penang, August 18- Rubber gradually declined in. price and stands to-day at 10.7/16d. as compared with 10% last week.

The

was rubber share market

Conditions in Canton have now the whole quiet, but quotation on

several months, were fairly steady except those of been normal for. the speculative counters which mov-and there has been no serious dis- ed according to the price of the com-turbance or threat of disturbance, and in view of the peaceful state modity.

Allenbys are quoted at $2.15 $2.25 that now prevails, there seems to

at $1.20, Batu Lintangs now offer

reason why this corps The Muni- after business at this figure. Bentas be no can be placed at $1.07 and Brogas should be kept on. at $1.30. Jerams are available at eipal authorities have therefore

Lunas ma $1.25 with

made $1.20 bid.

decided that this volunteer corps 52 and Mentakabs $2.30

cents.

be disbanded. and Canton must Nelimays are wanted at 61 cents ex New Sendais changed hands at $2.30 inhabitants will therefore be re- Pajams, Parits and Perak Rivers arelieved of the burden of providing wanted

ot quotations. Sungel for their upkeep. All arms of this Tukangs are

$1.25 while Tapahs are still wanted at $2.27% corps are to be handed over to when the corps is Temerlohs are on offer at 82 cents the military

dissolved, says the "Canton ox, and Ulu Benuts at 5 cents.

Gazette."

easier st

Tins

The price of tin was weaker dur- ing the week and to-day's prices of

1212-10-0 for 3 months and £203-10-0 CHINESE RAILWAYS for spot show losses of £2-17-6 and £2-12-6 respectively,

way

in

ما

03

Hrad

REVISING TIME TABLES FOR TRAINS

Bauk-Nolen issued Avenge anzust...Ien. 15,000,000 mainder being absorbed by the usual weed from $1.04 and $1.00 bet Agency.

Swalow,

CHINA:Shang

Singapore, OTHERS-Hong Kong.

Batas, ambay, Londoa, How Tork, Dairen.

LONDON BANKERS

Set

to

CHUNG SHAN 'VARSITY

The decline in the price of the metal together with the suspension of payment by a big chetty firm here, who holds a fair amount of tin

Canton, Yesterday. stocks, caused a disruption in the The Bank of England gold reserve

Such shares

The Ministry of Railways has against notes amounted to £154,443,- tin share market. 014 on the 17th inst. (as compared are supposed to be held by him gave called a conference of railway re- prices to A fair extent. presentatives throughout the with £154,494,375 cn the previous

Business was curtailed and the Wednesday), and represents an in-

country to revise the time-tables market passed a dull week, 2536,609 since April 29,

By ex- crease of

ception 1923 when an effective gold stand-

Ayer Hitams, Lukuts and of trains on all the lines so as Sungei Luas were resumed. ard was

in good demand to have a uniform schedule in the about at advancing prices.

arrival and departure of trains. Gold

value of

Ayer Hitams were In strong de- in the open an offer

The Ministry is also preparing £770,000 wa

was on Conditions still mand with business done up to 14/3 for the summoning of a Forestry market yesterday.

resty

and 14/6 arrival. Bangrins to the export of being favourable gold to Germany there was a good are available at the lower price of Administration Conference, which on September 2, which 35/9. Batang Padangs have sellers will be opened demand from that country,

The at 37% cents. Batu Caves at $1.60 | immediately after the weekly Established THEI

secured £490,000 at 84/11%4- Rank of England acquired about and Chenderiangs at 9/6. Baad Memorial Service-Canton News Hong Kong Ofica:-11 Queen's Rood Control.

slumped to

8/3. Hitama and France £15,000, the re $200,000 Central Bank in Formoso. Authorised Capital Guilders 150,000,000- (412,700,000)

Hong to $1.02 at close. Paid-up Capital ............. vill. 80,000,000

BRANCHES AND AGENCIES:

indian and trade requirements. JAPAN-Tokyo, Yochima, Kobe, Unks. [Bu€36.*.)

from the Fatty recorded business at 82 cents Вадіт FORKUSA-Oiran

Kranko,

The heavy withdrawals I'mlung.

Sell- Bakarve Fun! kkk Ogilders 40,000,000

continued, ex, hat close casier at 80 cents Makeng, Neats, Bluechiku, Taichs, Tainan, Bank of England have Takao, Tamari, Torn, Heito, Taizo.

Canton, Yesterday. Pobor, mainly on French account, but withers. Hong Kong Ting after touching Hankow, Amay

on profit LO 18/9 drawals for Germany have also been 19/6 receded

Mr. Tai Kuei-tao, the Chancel- taking, Sabay consistent.

Jelapangs made 20/9 and Caloutta,

atlor of the Chung Shan University The following movements of gold Johants had several transactions

Bank of England 37 cents and 87% cents Kintas de-of Canton, who has been detain to and from the

Kuala ed in Nanking as member of the have been announced, showing a net clined from $1.80 to. $1.74.

done in several eMax of £5,046,346 during the week Lumpur Tins were The Bank bee Eccrespondents in a the prin bamaring) Shanghai, Boersbak cipal Comercial Centres throughout the world."

under review which constitutes a places at 32/- with further buyers Examination Yuan, is expected

declined

$1.56

to shortly in Canton. since the record week's movements

$1.5314. Kuyaha spurted from 19 to It is learned that Mr. Tai has resumption of an effective gold stand-

but are en 26 cents,

offer at 24succeeded in raising 3 million ard:-

cents at close. Lahats have sellers Received Withdrawn

htly dollars for the construction of the July 18 £ 1,830

£ 667,200

at 14/ with buyers bidding slightly

etc.. staff quarters, under. Lukuts are now due to start, University 19

1,380,764

and were rushed up to $1.90. Malaya The re-opening of the Univer- 1,404,904 Consolidateds were dealt in 51sity after the summer vacation 205,700 884,070

cents, sellers over. Muang Tins were will take place on September 19. 689,095

taken at 19/3 with further sellers,

offer at-Canton News Agency. in The receipt yesterday was bar Nawng Fets remain goid from South Africa. Apart from cum and Norths at 85 cents.

$1.00 £10,000 in sovereigns for export to Pangaga Rivers are neglected, while Spain, all the withdrawals were in

Parois after a dormant period, are now enquired for at 16 cents

dis bar geld of which £3,400,000 was for

count.

Penawats after transactions France and £1,750,000 for Germany

The following were the United up to $1.05, fell back to $1.02% taken at the lower Kingdom imports exports of gold Petalings were registered from mid-day on the 15th price of $5.60 ex. Puchongs, Pungahs inst, to mid-day on the 22nd instand Putehs are more on offer than

in demand. Rahmana in the of support, dropped to $1.57%, and Rambutans L 17/6. Rantau Prefer- ence were sold at $1.17 ready and $120 forward. Ratrats were sold at declining rates down to 19/3. Rawang Concessions

Caleatis, boribon, Djembeż, jak jakarta) The l'agus). Jeddah, Kobe, Kota-adja, Makser, Hodan, Palang Fulemlung, Pokalongan, Perang, Pontianak, Rangoon, Rotterdam),

Sibolga

(Sa), Bingapore, Honrakarta (Solo, Togai, Tiketjup and Weltevreden.")

"These office have anla doppelt boxes to let. Looden Bank:--National Provincial Dank Ltd.

Forrespondents it over the world

Zaking business si evory description tranenclod.

P. H. ELBERG

Bong Kong, th May, 1929.

larger

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Frs. 68,400,000.00 Reserve Funds ..Frs.102,000,000.00

Bangkok

BRANCHES:

Hong Kong Quinhon

Battambang Hue

Cantho

Canton

3m-Dinh

Saigon Shanghai Singapore

Djibouti Neames Thanhea

Fort-Bayard Papeete

Haiphong

Hankow

Hanoi

Tientsin

Paling Fnon-Fanh Vinh Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; Sc- ciete Generale.

IN LONDON: The National Pro

vincial &

The London County Westminster and Parr's Bank.

E. NAGURA,

MAGAZET

8. Des Voeux load Cantal. Hong Kong, 19th January, 1929.

HONG KONG BRANCH:

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:Hong Kong,

Authoriunt Capital (HK. Curzoney) ...$11,000,000 Paid Up Capital ......

• 8,004,200 850,000 Borve Fund

BRANCHES Cantos, Shanghai, Hankow, Swaton, Bengkak, New York sed San Franciase

LONDON DANKERS:-

Tac Lloyd's Bank Limited. Correspondents in all principal cition of the

World.

Foreign exchange and banking bustos of orary description tasted.

Salo Deposit Bones (various ízpa) ni à yðarly rental of from 45 to $18.

LOOK POONG SHAN.

Chief Manager. Hong Kong, 18th February, 1927.

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential Mandate of the Republic of China on the 22nd of November, 1917.)

.$60,000,000,00 18,278,600.00 9,629,425,24

Authorised Capital Reserve Pand

& Union Bank of England, Paid-up Capital Ltd.; Comptoir National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Mergan & Co.: French American Banking Cor- poration; Guaranty Trust Co. of New York.

Interest allowed Q1 Current Ac- counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let

A. LECOT,

Manager. Hong Kong, 1st May, 1929.

HEAD OFFICE: PEKING.

HONG KONG BRANCH:

4. Queen's Read Central. Branches and Sub-branches all over China and Correspondents in Europe, America and other parts of the world.

London Bankers: The National Provincial and Union Bank of Eng- land, Ltd.

The Guaranty Trust Company of New York.

New York Bankers: The Irving National Bank.

The Equitable Trust New York.

Iuterest allowed on Current Ac THE YOKOHAMA SPECIE BANK, counts and Fixed Deposits. Terms on

LIMITED.

Established 1880,"

20

ندن

24

and

247 879

Imports.

Argentina British South Africa Other countries

.. 200,000 924,004 10,414

Exports

Germany

£1,134,478

£1,397,652

789,075 35,525

France Switzerland

Austria British India-

Other countries

in

26,200 32,857 7,565

£2,288,934 Following are the balance of trade figures (in lacs of rupees) for India for June, 1929:- Import of cithandise on pri-

16,84 Yate account Exports, including re-exports, of inerchandise on private ac- - count

26,71 Net imports of gold

1,00 1,13 Net imports of silver Net imports of currency notes Total visible balance of trade-

in favour of India

Net balance on remittance of funds-against India ........

Silver

2

7,86

13

con.

The situation in Manchuria tinued to affect the market and by the 30th inst. buying

orders from Company of India and China, and a natural re. luctance on the part of sellers, had carried the quotations to 24.13/164. and 24% respectively, by successive rises of d. and 5/16d.. A sharp re- application.

Every deseription of Banking Busi action ensued following more re-as ness transacted.

suring news and China was disposed Loans

granted on approved secur to offer silver, prices declining to 24%d, and 24.7/16d., the quotations Capital (fully paid-up) Yen 100,000,000 ties

Special facilities for Home Exx-fixed on the 22nd inst. A renewal change.

of support from the Indian bazaars, who wanted silver for near shipment, Manager. lent steadiness to the market which possibly may be maintained, for the time being, sellers showing some THE BANK OF EAST ASIA, LTD. America has been loss active during nervousness due to present conditions.

Reserve fund

Yen 105,500,000

Head Office: YOKOHAMA,

Branches and Agencies ati-

Newchwang New York Osaka

Alexandr!

Batavia

Bombay

Buenos Ayres Calcutta Canton Changchun

Dairen (Dainy)

Peking Rangoon

Rio de Janeiro

Saigon San Francisco

Fengtien (Mukden). Seattle. Homburg

Bankow Harbin

Hong Kong

Honolulu. Kai Yuen Karachi

Kōbo.....

London

Lond

Los Angeles.

Lyons

Mantia

Nagasaki Nagoya

Semarang Shanghai Simonaseki

Soorabaya

Sydney

Tokyo

Tientsin

Tamamti

Tsingtau Vladivostok

(Temporarily

Current Ac-

Interest allowed on- counts

Deposits received for fixet periods at rates to be obtained on application.

H. MORIN! Manager. Hong Kong 11th March, 1929.

SHOU J, CHEN,

HEAD OFFICE: HONG KONG.

Kuchais

from

an

absencs

are in demand

at 25/- with sellers scarce. Repong Consolidateds made 24/1 and Satu Souths 19/6.

were placed down to 42 cents. Sou:bern

Pulos

with Malayans firmed up

transac- tions from

13/9 cum. 16/42 to Sungei Laas were well supported up to 37 cents premium. Sungei Ways were transacted from 5.60 to $3.55. Taipings weakened to 96 cents, but recovered to 97% tents.

Takuapas remain on offer at 31/-. Talams de clined from $1.55 to $1.52 and Tejas from 10/9 to 10/3 closing buyers at 10/6. Tekka-Taipings changed hands in several places at 23/- A

ex few Temengore are now on offer at 32/3, after business

Tamoha were at 32/6. done at 20/0 Tronohs can be placed at 21/- with sellers at 21/3. Piahs were taken at 38% with fur- ther sellers a shade under.

General

Ulu

The Industrial section lacked sup- two stocks. port except in one or

at $18.15. Uniteers Smelters offer declined from $15.10 to $14.76 and to $1.371 sellers. Runnymedes. Traders firmed up to $32.50 buyers with few sellers. Hong Kong Banks arc obtainable at $49.00, Robinsons at $22.50 and Malayan Collieries at $18.00. Wearners are unchanged af last quotations.

Silver coin and bullion, out of

India

Gold coin and bullion in India 3,222 Gold coin and bullion out of

India Securities (Indian Covt.)

4,320 Securities (British Govt.).... 580 The stocks in Shanghai on the 20th Inst. consisted of about 80,600,000 the past week but small sales by the

ounces-in Bycee, 123,000,000 dollars Continent have continued.

and 9,480 silver bars, as compared The following were the United with 90,400,000 ounces in

sycee, Kingdom imports and exports of 124,000,000 dollars, and 9.750 Rilver -$10,000,000 silver registered from mid-day on bars on the 18th inst

5,000,000 the 16th inst., to mid-day on the 22nd

Questions during the week:- 1,500,000 ust

Bar Silver per oz. sid.

Cash 2m

2 months 24/0

24.0/160. 24.18/161

24%d .24;11/16d. 24%d.

24.7/184

10, Des Voeux Road Central, Hong Kong

Authorised Capital

Paid-Up Capital

Reserve

BRANCHES AND AGENCIES:

Batavia Melbourne San Francisco Bombay Nagasaki Seattle

Calcutta New York Semarang. Canton * Osaka⠀⠀⠀ Singapore Haiphong Paris Sourabaya

Home Peking"

Kobe Kowloon

Sydney

Penang Taipeh

Rangoon

Tientain Saigon Tokyo

London Manila Shanghai

Correspondents in all principal cities of the world.

· Every description of Banking and Exchange, business transacted Loans granted on approved securities

SAFE DEPOSIT BOXES to let.

KAN TONG PO

Chiel Manager. Hong Kong, 21st March, 19272

£32,427

July 18

-18.200

»

64,566 14,459 27,841

249/160, 24% 24.614d.

Importa

Mexico Canada

British India

Franee

Other countries

£137,493

Average

[24%d.. .24%d.

24. 7/16d

562d720

Exports

Egypt Irish Free State

18,110 $1,796 4758

£167,290

July 18

19

20

29,

July 15

British India

Other countries

Indian Currency Returns

(in lacs of rupees)

»

Bar Gold per

22.02 Ane 848 114d. 845. 11'44. 845. 116. 843.

11d 54. 11%d.

841 114d,

848 11/484

Average ⠀⠀⠀⠀ The silver quotations to-day “for

Silver coin and ballion in India 10,472 each 3/16d above those fixed a week Notes in Circulation, 18,600 cash and two months delivery are

Continued at foot of next column.) iga

અંગ

FRIDAY, AUGUST 30, 1929,

REPULSE BAY HOTEL.

DINNER DANCE ATTRACTION

SATURDAY, 31st AUGUST, 1929.

NINA and JACQUES

dancers

assisted by an augmented orchestra

will give Exhibitions of the very latest dances.

J

The Argentine Tango, Dance to Death, The Latest Blues and Ballroom Dances.

Dinner $4.00 per head.

ALSO AT THE HONG KONG HOTEL· ROOF GARDEN,

MONDAY, 2nd September, 1929.

Tables may be booked at the Hong Kong,

Repulse Bay, or Peninsula Hotels

and by telephone Central 776.

THE HONGKONG & SHANGHAI HOTELS, LTD.

CANTON'S COINAGE | RUSSIA AND CHINA

NEW ISSUES OF SMALLER DENOMINATIONS MADE

MARKING NOW TABOO

Canton, Yesterday. For the benefit of the money of

market and the convenience

the public in general, Mr. Fan Kee-mo, the Commissioner of Fin- ance, has instructed the Govern ment Mint to prepare the mould for ten cent pieces. It is learned that the mould has been cast and that minting of subsidiary coins will commence in the first week of September.

Marked Coins An order from the Ministry of Finance has reached Canton for bidding the custom of marking

NO OFFER OF MEDIATIONS, FROM JAPAN

VIEWS IN TOKYO

is

Tokyo, Yesterday. While it is definitely denied that Japan has offered to mediate, official quarters intimate that

Shidehara Baron

taking every opportunity to impress' upon the Chinese and Soviet envoys the desirability of coming to terms and is also acting as a channel through which the views of one are transferred to the other,

Official circles continue to be- lieve that a basis opening formal negotiations will be reached be- fore long by the Soviet agreeing to appoint new bureau chiefs.— Reuter.

coins with chops and characters. It is customary in China to mark the coing so as to distinguish the Prizes for the best collections of good from the spurious coins, and queen wasps were given at Fel- to the ignorant classes the mark-bridge (Surrey) Women's Flower ings carry

a good deal of con- Show. fidence, especially if the chop bears the name of an old estab lished firm or cash shop.-Canton News Agency.

Mr. Thomas Jones, a Llanelly deacon, aged 56, dropped dead on his way to a prayer meeting.

The first roupe of performing Roosters to appear at the Queen's Theatre, from Sunday. The above

is Coso, chief, comedian.